IOL Chemicals and Pharmaceuticals Limited (IOLCP) has announced the closure of its trading window for designated persons in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's own Code of Conduct to Regulate, Monitor, and Report Trading by Designated Persons. The trading window will remain closed from April 1, 2025, until the expiry of 48 hours following the public announcement of the company's financial results for the quarter and year ended March 31, 2025.

This move aligns with the regulatory framework set by SEBI to ensure that insider trading regulations are adhered to, especially ahead of the financial results announcement. The designated persons are individuals who are in a position to access material non-public information (MNPI) regarding the company. The closure of the trading window is a precautionary measure to prevent any trading on the basis of unpublished price-sensitive information (UPSI).

Trading Window Closure Details

The trading window closure will start on April 1, 2025, and will remain closed until 48 hours after the company's financial results for the year ending March 31, 2025 are made public. The closure of the window ensures that all designated persons, including key executives, directors, and employees, do not trade in the company's securities based on any unpublished price-sensitive information.

Upcoming Board Meeting

The date of the Board Meeting for approving the company's financial results for the quarter and year ended March 31, 2025 will be communicated in due course. The meeting is expected to take place shortly before the financial results are finalized and made available to the public. Once the results are approved by the board, the trading window will reopen 48 hours later, as required by the regulations.

Regulatory Compliance and Insider Trading Regulations

The closure of the trading window is in strict compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, which are designed to prevent insider trading and ensure fair and transparent market practices. The regulations require that the trading window be closed before the disclosure of material financial results to prevent insiders from trading based on information not available to the general public.

Impact on Designated Persons

During the closure period, designated persons, which include the company's directors, key managerial personnel, employees, and their immediate relatives, will not be allowed to trade in the company's shares or securities. Any attempt to trade during this period may lead to violations of insider trading regulations, which can attract legal penalties.

IOL Chemicals' Commitment to Transparency

The announcement reflects IOL Chemicals' commitment to maintaining a high standard of corporate governance and ensuring full compliance with SEBI regulations. By adhering to these regulations, the company aims to foster transparency and fairness in its dealings, ultimately benefiting its shareholders and stakeholders.

About IOL Chemicals and Pharmaceuticals Limited

IOL Chemicals and Pharmaceuticals Limited is a leading manufacturer of pharmaceuticals and chemicals in India. The company is known for its high-quality production of active pharmaceutical ingredients (APIs) and specialty chemicals. With a strong presence in the domestic and international markets, IOL Chemicals continues to lead the industry through innovation and a commitment to excellence.

Conclusion

The closure of the trading window by IOL Chemicals serves as a crucial step in ensuring compliance with SEBI's insider trading regulations and safeguarding the interests of the company's investors and stakeholders. The company is expected to provide further details regarding the date of the Board Meeting for approving the financial results in the coming days, following which the trading window will reopen.

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